Docoh
Loading...

MXC Mexco Energy

Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico, and Loving County. The company was founded in April 1972 and is headquartered in Midland, TX.

Company profile

Ticker
MXC
Exchange
CEO
Nicholas C. Taylor
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
840627918

MXC stock data

(
)

Calendar

10 Feb 21
22 Apr 21
31 Mar 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 41.02K 41.02K 41.02K 41.02K 41.02K 41.02K
Cash burn (monthly) 7.22K 1.86K (positive/no burn) 20.58K (positive/no burn) (positive/no burn)
Cash used (since last report) 27.02K 6.95K n/a 77.03K n/a n/a
Cash remaining 13.99K 34.07K n/a -36.01K n/a n/a
Runway (months of cash) 1.9 18.3 n/a -1.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Apr 21 Kenneth L. Clayton MXC COMMON STOCK Sell Dispose S No No 8.2 100 820 17,900
9 Apr 21 Kenneth L. Clayton MXC COMMON STOCK Option exercise Aquire M No No 6.8 100 680 17,900
9 Apr 21 Kenneth L. Clayton STOCK OPTIONS COMMON STOCK Grant Aquire A No No 6.8 5,000 34K 4,900
9 Apr 21 Michael J Banschbach MXC COMMON STOCK Sell Dispose S No No 8.04 100 804 10,100
1 Apr 21 Donna Gail Yanko MXC COMMON STOCK Sell Dispose S No No 9 2,000 18K 2,668
30 Mar 21 Donna Gail Yanko MXC COMMON STOCK Sell Dispose S No No 8.4 3,000 25.2K 4,668
26 Mar 21 Kenneth L. Clayton MXC COMMON STOCK Sell Dispose S No No 8.2026 5,000 41.01K 18,000
26 Mar 21 Kenneth L. Clayton MXC COMMON STOCK Option exercise Aquire M No No 6.8 5,000 34K 23,000
26 Mar 21 Kenneth L. Clayton STOCK OPTIONS COMMON STOCK Grant Aquire A No No 6.8 5,000 34K 5,000
24 Mar 21 Donna Gail Yanko MXC COMMON STOCK Sell Dispose S No No 8.2 3,000 24.6K 7,668

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 6 6
Opened positions 1 1
Closed positions 1 2 -50.0%
Increased positions 1 2 -50.0%
Reduced positions 2 0 NEW
13F shares
Current Prev Q Change
Total value 84K 67K +25.4%
Total shares 14K 13.91K +0.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 11K $66K +5.8%
MS Morgan Stanley 2.5K $15K 0.0%
UBS UBS Group AG - Registered Shares 455 $3K -54.1%
Inspire Advisors 44 $0 NEW
WFC Wells Fargo & Co. 5 $0 -16.7%
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 11K +600 +5.8%
UBS UBS Group AG - Registered Shares 455 -536 -54.1%
Inspire Advisors 44 +44 NEW
BAC Bank Of America 0 -10 EXIT
WFC Wells Fargo & Co. 5 -1 -16.7%
Proequities 0 0
MS Morgan Stanley 2.5K 0 0.0%

Financial report summary

?
Management Discussion
  • We had a net loss of $99,478 for the year ended March 31, 2020 compared to a net loss of $12,946 for the year ended March 31, 2019. This is primarily the result of a decrease in natural gas sales, an increase in operating expenses and interest expense partially offset by increase in oil sales that is further explained below.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: appointed, Chairman, death, Decker, Director, expenditure, expert, formal, knowledge, listed, mentioned, Middle, qualitative, Sand, thirteen